SeaSide420

Squeeze Momentum Indicator [LazyBear] vHMA

This is a remake of the famous LazyBear Indicator, the Squeeze Momentum Indicator .
All i did was take out the SMA's and replace them with HMA's. HMA is a more responsive moving average.
Hull Moving Average .


This is a derivative of John Carter's "TTM Squeeze" volatility indicator, as discussed in his book "Mastering the Trade" (chapter 11).

Black crosses on the midline show that the market just entered a squeeze ( Bollinger Bands are with in Keltner Channel). This signifies low volatility , market preparing itself for an explosive move (up or down). Gray crosses signify "Squeeze release".

Mr.Carter suggests waiting till the first gray after a black cross, and taking a position in the direction of the momentum (for ex., if momentum value is above zero, go long). Exit the position when the momentum changes (increase or decrease --- signified by a color change). My (limited) experience with this shows, an additional indicator like ADX / WaveTrend, is needed to not miss good entry points. Also, Mr.Carter uses simple momentum indicator , while I have used a different method (linreg based) to plot the histogram.

More info:
- Book: Mastering The Trade by John F Carter


Here is the original version:
Phát hành các Ghi chú: SMA changed to HMA

thanks to https://www.tradingview.com/u/phryll for noticing it
Gỡ bỏ khỏi Script Ưa thích Thêm vào Script Ưa thích

Bình luận

Hey, great work. My question is, what are the blue dots? There are black ones for squeeze and grey ones for release, but what are the blue ones indicating?
+13 Phản hồi
Why do you use sma again when plotting?
See:

val = linreg(source - avg(avg(highest(high, lengthKC), lowest(low, lengthKC)), sma(close, lengthKC)), lengthKC, 0)
plot(val, color=bcolor, style=plot.style_histogram, linewidth=4)
+4 Phản hồi
@phryll, oh yea should change that to HMA too
+2 Phản hồi
aashish2137 SeaSide420
@SeaSide420, Just checking, did you (or do you plan to) release a V2 of this script with this change?
Phản hồi
SeaSide420 aashish2137
@aashish2137, yes, thanks for reminding me, I'll do it today
Phản hồi
SeaSide420 aashish2137
@aashish2137, sorry for delay, it is fixed now
Phản hồi
@phryll, fixed
Phản hồi
SeaSide420 SeaSide420
@SeaSide420, pretty simple LoL just changed the s to h
turns out HMA is built into the version 4 pinescript
Phản hồi
King of the HULL seaside!
+2 Phản hồi
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